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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Douglas V. Fant who wrote (50929)	9/11/1999 10:05:00 AM
From: dfloydr	Read Replies (3) \| Respond to of 95453

Doug, Add to your list the plunging dollar. Asia is cashing in dollars to buy oil and invest in their own recovery. In the process they are taking the value of the dollar down. This could accelerate as each withdrawal from dollars makes it more desirable to get out of dollars. This means that producers are getting less purchasing power in exchange for their oil than might seem to be the case if one looks at the world purely in dollar terms. US imports are going to be more expensive and much of what we import is not price sensitive. When my VCR goes bust, I get a new one or the kids will hang me. I'd rather not eat for a week than risk that. This will flow into the CPI etc.. Overall, I agree with BigBull, all signs are positive, but there are some lurking potential glitches which we should keep an eye on as we move into Boom 2000. By the way, there are some other oil industry conferences scheduled over the next few weeks ... this is the season and the timing is perfect.